Advocate Health and Hospitals Corporation

Analysis

Advocate Health and Hospitals Corporation is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in August 1937, 89 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advocate Health and Hospitals Corporation reported income of $6.90bn and spending of $7.52bn, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.67bn to $6.90bn (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advocate Health and Hospitals Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Northside Hospital Inc ($6.84bn), Vanderbilt University Medical Center ($6.92bn) and BJC Health System ($6.74bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $5.4m (0.1% of expenses). Other salaries and wages came to $2.24bn. At year end it held assets of $16.14bn against liabilities of $10.51bn, net assets of $5.62bn. It reported 28,317 employees.